http://news.bbc.co.uk/1/hi/uk_politics/7673248.stmIt seems that The Audit Commission, a Government "Watchdog" that seeks to ensure that £180bn of public sector spending provides "value for taxpayers", has "invested £10 million with two Icelandic Banks. £5m in April and another £5m in June of this year ~ Long after the first alarm bells were sounded by Liberal and Tory MPs.
The commission has said the deposits were in "full compliance" with their guidelines "on prudent investment".
You couldn't make it up could you.
